Vinh Phuc holds dialogue to address business challenges
A leader of Vinh Phuc pledged to step up reforming administrative procedures, accelerate land clearance, and enhance digital services to guanrantee a favourable and transparent investment and business climate for enterprises to operate and grow.
The signing ceremony of the MoU between the Vinh Phuc Investment Promotion and Business Support Centre and its partners at the dialogue. (Photo: VNA)
Vinh Phuc (VNA)🍰 – The Vinh Phuc provincial People’s Committee held a business dialogue on March 25 to address challenges facing enterprises, pledging an optimal and transparent environment for their operations.
Representatives of domestic and foreign invested firms raised concerns about issues related to investment expansion, labour recruitment, power supply stability, land use, and infrastructure, among others
Fielding opinions at the event, Chairman of the Vinh Phuc People’s Committee Tran Duy Dong pledged to step up reforming administrative procedures, accelerate land clearance, and enhance digital services to guanrantee a favourable and transparent investment and business climate for enterprises to operate and grow.
The province is also investing in resettlement projects, expanding social housing for workers, and promoting transport connectivity among regions to broaden the economic development space. It will organise programmes to strengthen vocational training partnerships between businesses and educational institutions to ensure stable labour supply.
More investment promotion conferences will be held both in Vietnam and abroad to attract investment to Vinh Phuc, he added.
Vinh Phuc is home to about 17,000 enterprises with registered capital amounting to about 292.4 trillion VND (11.4 billion USD). The majority of companies operate in the industrial, construction, and trade - service sectors.
By the end of 2024, the province had attracted 1,326 investment projects, including 481 FDI projects worth over 8.4 billion USD and 845 domestic direct investment ones totalling 145.15 trillion VND. Investors came from 20 countries and territories, including Japan, the Republic of Korea, China, Thailand, Singapore, the EU, and the US, statistics show./.
Vinh Phuc's GRDP growth for 2021–2025 is projected at 7.4%, with total economic output expected to reach 190 trillion VND (7.45 billion USD) by 2025, 1.53 times higher than in 2020. Annual per capita GDP is forecast to rise to 148 million VND, while labour productivity is improving at an average of 11% per year.
A delegation from Japan’s Tochigi Prefecture led by Yoko Ishii, Director of the Department of Industry, Labour, and Tourism, visited the northern province of Vinh Phuc on November 19 to explore investment opportunities.
Prime Minister Pham Minh Chinh toured the Tam Dao livestock and beef processing complex project, attended the groundbreaking ceremony for a social housing project in Nam Vinh Yen Urban Area, and surveyed proposed sites for urban and tourism developments as part of his working trip to the northern province of Vinh Phuc on March 16.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
